Lisa Soo, President and CEO of AMD, is talking about the AMD EPYC processor during the 2019 CES headline in Las Vegas, Nevada, United States, January 9, 2019.
Steve Marcos Reuters
AMD He said on Wednesday The Board of Directors approved $ 6 billion in shares. The stock rose 6 %.
The company said the mandate is in addition to 4 billion dollars in re -configuration of the current accredited shares.
“The program to purchase our expanded shares reflects the confidence of the Council in the strategic direction of AMD, growth prospects, and the ability to generate a strong free cash flow,” the CEO of AMD company Lisa He said in a statement.
AMD, the most important artificial intelligence Chip Company has reported NVIDIA, which is 96 cents on profits per share for $ 7.44 billion of revenues in the first quarter of life.
AMD Declare A deal that is likely to deserve $ 10 billion in investment on Tuesday to support the artificial intelligence company called Humain in the Kingdom of Saudi Arabia with chips. Soo was in the Kingdom of Saudi Arabia this week to announce the deal.
Amd said it will provide graphics for Amnesty International as well as the central processors needed to build artificial intelligence servers Also buy NVIDIA processors. Bank of America Vivek Aria’s analyst added $ 10 to its target goal for AMD, which raised it to $ 130 per share, On the news.
AMD Stock Year to now
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